Tag: eog resources

EOG Resources’ Target, Estimates Boosted at Goldman Sachs (EOG)

Natural gas producer EOG Resources, Inc. ( EOG ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm maintained its “Buy” rating on EOG and boosted its price target from $117 to $121. That new target implies a 16% upside to the stock’s Thursday closing price of $104.22. Goldman also raised its earnings estimates for the company through 2013, following its better-than-expected fourth quarter earnings results. The analyst commented, “EOG remains a leader in developing horizontal resource plays, and the combination of superior liquids growth (28% expected CAGR 2011-14), superior cash-on-cash returns (13.7% 2011-14 avg) and exploration upside as reasons why EOG should not trade at a discounted EV/EBITDA multiple vs. peers.” EOG Resources shares rose $1.04, or +1%, in premarket trading Friday. The Bottom Line Shares of EOG Resources ( EOG ) have a .59% dividend yield, based on last night’s closing stock price of $104.22. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $110-$114 price levels. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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EOG Resources Upgraded to Goldman’s “Conviction Buy” List (EOG)

Filed in dividend, Gold, Gold Investing, goldman sachs, shares by on August 10, 2010 0 Comments
EOG Resources Upgraded to Goldman’s “Conviction Buy” List (EOG)

Natural gas and oil producer EOG Resources, Inc. ( EOG ) saw its shares added to Goldman Sachs’ prestigious “Conviction Buy” List on Tuesday. The firm also set a $129 price target on EOG, which represents a potential 29% upside to the stock’s Monday closing price of $99.94. Goldman identified EOG as a secular winner among its peers in the exploration and production sector, citing its ability to quickly find to horizontal liquids resource plays. The analyst also noted EOG’s higher liquids production, top-tier growth, and cash returns could drive its price up to historic premiums. EOG Resources shares rose 36 cents, or +0.4%, in premarket trading Tuesday. The Bottom Line Shares of EOG have a .62% dividend yield, based on last night’s closing stock price of $99.94. The stock has technical support in the $95-$96 price area. If the shares can firm up, we see overhead resistance around the $107-$110 price levels. We would remain on the sidelines for now. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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EOG Resources Shares Fall as Morgan Stanley Slashes Estimates (EOG)

Filed in dividend, earnings, Gold, Gold Investing, shares by on August 6, 2010 0 Comments
EOG Resources Shares Fall as Morgan Stanley Slashes Estimates (EOG)

Natural gas and oil producer EOG Resources, Inc. ( EOG ) on Friday saw its earnings estimates cut by analysts at Morgan Stanley. The firm said it cut its estimates for EOG through 2012, noting the company is seeing lower U.S. natural gas liquids volume. Morgan Stanley also said EOG faces higher tax rates, which will be a drag on earnings. Still, the analyst maintained its “Equal-weight” rating on the stock. EOG Resources shares fell $3.44, or -3.4%, in premarket trading Friday. The Bottom Line Shares of EOG have a .61% dividend yield, based on last night’s closing stock price of $102.44. The stock has technical support in the $95-$96 price area. If the shares can firm up, we see overhead resistance around the $107-$110 price levels. We would remain on the sidelines for now. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Trade of The Day – Short EOG Resources, Buy Puts

Filed in Gold Investing, shares, silver by on April 18, 2010 0 Comments

Oil and gas producer EOG Resources’ (EOG) shares have been a very strong performer the past three weeks and the stock is now overbought. We are looking for some weakness in the shares and if… [[ This is a content summary only. Visit my website…

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EOG Resources’ Target, Estimates Boosted at UBS (EOG)

Filed in Gold, Gold Investing, Guidance, shares by on April 8, 2010 0 Comments
EOG Resources’ Target, Estimates Boosted at UBS (EOG)

Integrated oil and gas producer EOG Resources, Inc. ( EOG ) saw its earnings estimates and price target raised on Thursday by analysts at UBS. The analyst said it now expects EOG shares, which had closed at $103.74 on Wednesday, to reach $112. UBS also boosted its earnings estimates for the company, citing higher production growth guidance given at its analyst meeting, and maintained its “Neutral” rating on the stock. EOG shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of EOG have a .60% dividend yield, based on last night’s closing stock price of $103.74. The stock has technical support in the $95-$100 price area. If the shares can continue to ramp up, we see overhead resistance around the $110 price level. We would remain on the sidelines for now. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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